Maersk advocates "significant" CO2 tax

Shipping major Maersk says a coming carbon tax should be "significant" to prompt shipping companies to shift course away from using fossil fuels. The group also says the EU's CO2 quotas can be used as a lever in the IMO.

Photo: PR-foto Green Instruments/69734198

Maersk counts on the International Maritime Organization being able to ratify a CO2 levy, or tax, that will render sailing on fossil fuels so expensive that shipping companies choose alternative fuels.

In that regard, it suits the world's largest container carrier's agenda quite well that the EU is preparing to expand its CO2 quota system, which equates to a tax and basically has the same purpose, namely to expedite the shipping industry's transition to fuels such as ammonia or hydrogen.

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